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reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's happening as protests pick up in spain, and you see more concerns coming in greece right now about austerity measures. the german dax is down by about 1.5%. the nikkei in japan was down by 2%. >>> in "sporting news," the atlanta braves are on their way to the postseason in. the boft the ninth against the marlins last night, freddy freeman connected and takes it to straight center for a walk-off homer. exciting.
. >> and this is important with romney saying he's not being tough enough on iran. and the papers this morning have a peace symbol. very potent particularly on this day in the jewish calendar. >>> shares of caterpillar are down this morning due to concerns about the global economy. and specifically capital expenditure from commodity producers. what does cat's warning mean for global investors? let's go trade in the globe. tim seymour is joining us from asset management and founder of the mergemoney.com. what does it mean? >> well, if you look at what caterpillar said in 2012, it is different than 2011 when they said the world is a wash in demand. they were concerned about meeting capacity. yesterday they were really saying and pointing squarely at dealers in china and even in latin america where they think there's an inventory overhang they need to work through. the bottom line is they are saying the world is moderately better. that we're going to see somewhat tempered but real global growth. and i think to go out and sell miners here on the back of what caterpillar says is cautious. if you listen to what
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